Uplinq Teams Up with EY To Widen Ethical Credit Lending For SMB
CIOTechOutlook Team | Thursday, 19 October 2023, 06:39 IST
Uplinq Financial Technologies has established a partnership with Ernst & Young LLP (Canada), a global leader in assurance, consultancy, strategy and transaction services, and tax services.
This will deliver a revolutionary solution that provides fair and ethical credit to small business owners, while ensuring lending decisions are profitable for business banking lenders, as per business wire.
“EY Canada looks forward to working with Uplinq to help small business lenders assess credit risk in a smarter and more inclusive way,” said Mario Schlener, Partner and EY’s Lead Risk Consulting for Canada and Global FS Risk Technology, Alliance, Innovation. “The EY-Uplinq integrated solution will deploy an analytics-powered approach to lending – utilizing Uplinq powered modules that enhance decision making across data, models and technology – to help drive profitability for lenders.”
“We are honored to be partnering with Ernst & Young LLP Canada to deliver this highly novel solution to small business lenders,” said Ron Benegbi, founder and CEO of Uplinq. “Powered by our breakthrough technology, we’re going to help transform the entire decision-making process for business banking lenders. From supplying bureau and third-party data, to providing an analytics-centered approach toward understanding customer behavior and delinquency models that help lenders optimize profitability in the long run, we’re going to help to transform the whole lending lifecycle.”
Uplinq's ground-breaking credit assessment technology enables lenders to go beyond the limited financial data on which traditional credit bureaus rely when assessing risk. Uplinq enables lenders to examine elements such as market, community, and environmental situations to better comprehend the complete ecosystem of a business and loan application by using billions of alternative data sets spanning 150 nations.
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